Employers to receive £3,000 cash incentive for all apprentices
Summary
In his spring budget, Rishi Sunak announced that the employer’s cash incentive for all apprentices will double to £3,000 as of 1st April 2021 and is set to continue until September 2021. This is on top of the £1,000 payment provided for new apprentices aged 16 to 18 and those under 25 with an Education, Health and Care Plan, meaning that some employers could potentially receive £4,000 in total. Association of Employment and Learning Providers chief executive Jane Hickie said the financial incentives boost could be a “game-changer” and prove to be “particularly attractive to smaller businesses”. “But if we were in the Treasury’s shoes, we would have channelled the increased incentives to focus on 16- to 24-year-olds only, because that is where the support is really needed and where the stimulus is required,” she added. We have a team of recruitment specialists who are dedicated to helping you find the ideal apprentice for your setting for FREE, and the good news is in a lot of areas we have candidates that are available immediately for interviews.